SADC to Petition IMF, WB to Help Zim: Biti

imf__wb.jpgIMF & WB Seminar
HARARE - Southern Africa Development Community (SADC) Finance Ministers will this week present Zimbabwe's case at the International Monetary Fund and World Bank Spring Meeting in Washington to source funding for the country's

Finance Minister, Tendai Biti said the meeting comes at a crucial time
when the government is working on programmes that could increase
revenue collection for state coffers.

Minister Biti said he will work with his SADC collegues to present Zimbabwe's case to the donor community.

SADC recently pledged to help Zimbabwe raise the USd $8.3 billion the
government requires to fund the short term emergency recovery programme.

However, the SADC member states say that they cannot raise this amount
on their own, and will help Zimbabwe secure support from donors and
multilateral financial institutions.

IMF and the WB cut the country's lines of credit as part of illegal
sanctions in the wake of the passage of the United States Sanctions
Law, the Zimbabwe Democracy and Economic Recovery Act in 2001.

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